Rules for determination of value of bonus shares

ISLAMABAD: Federal Board of Revenue (FBR) has issued Income Tax Rules, 2002 (updated September 08, 2020) which explained the determination of value of bonus shares issued by a company not quoted on... Read more »

Import policy amended to allow radiation apparatus

ISLAMABAD: The ministry of commerce has amended the Import Policy Order 2020 and allowed the import of radiation apparatus with a condition of prior approval of Pakistan Nuclear Regulatory Authority. The ministry... Read more »

Stock market adds 26 points in narrow range trading

KARACHI: The stock market added 26 points on Thursday owing to narrow range trading during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,541 points as against... Read more »

SBP to issue monetary policy statement on Nov 23

KARACHI: State Bank of Pakistan (SBP) will announce monetary policy for next two months on Monday November 23, 2020, a statement said on Thursday. The SBP said that the Monetary Policy Committee... Read more »

CCP conducts search of APCMA chairman, vice offices; impounds record

ISLAMABAD: Competition Commission of Pakistan (CCP) has conducted a raid on the office of All Pakistan Cement Manufacturers Association (APCMA) and impounded relevant records. The raid was conducted on possible anti-competitive activities,... Read more »

Rupee depreciates by 79 paisas amid CA surplus

KARACHI: The Pak Rupee depreciated by 79 paisas against the dollar on Thursday owing to rising demand for import and corporate payments. The rupee ended Rs160.62 to the dollar from the previous... Read more »

Pakistan’s foreign exchange reserves cross $20 billion

KARACHI: The liquid foreign exchange reserves of the country have crossed over $20 billion by week ended November 13, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves... Read more »

Over 100,000 potential overseas job losses for Pakistanis due to COVID

KARACHI: The official estimates of Bureau of Immigration and Overseas Employment (BEOE) revealed that over 100,000 overseas job for which the recruitment process was going on in Pakistan, was disrupted due to... Read more »

Textile exports increase to $4.76bn in four months

ISLAMABAD: The exports of textile products have increased by 3.78 percent to $4.76 billion during first four months (July – October) of 2020/2021, according to data released by Pakistan Bureau of Statistics... Read more »